EIOPA · 753
753
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 35
- Submitted
- 2016-09-22
- Answered
- 2019-09-19
Question
S.01.02 - Type of undertaking.We have the following 3 options: Life; Non-Life; Both Life and Non-Life.The Option "both Life and Non-Life" triggers the validation rule that template S.28.02 has to be submitted.We have a Reinsurance company. For a reinsurance company template S.28.01 is applicable.So what should be selected as Type of undertaking, as solely Life or solely Non-Life is not applicable for the reinsurance undertaking.
Answer
The type of undertaking to be reported (S.01.02.R0040/C0010) should follow the business that is pursued. This information should help to assess the completeness of the submission, meaning that if a reinsurance undertaking pursue life and non-life (even if one of these business is immaterial) it should report option 1. If only pursues life or only non-life then options 2 or 3 should be used. Please note that in this case, even if option 1 is reported, S.28.02 should not be reported. BV 332 which triggered the check referred in the mail has been de-activated on the 18/03.
Please see also Q&A 707 as published in Answers to questions on the Final report on the ITS on the templates for the submission of information to the supervisory authorities (CP-14-052).
This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
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